Prospect at a glance
2,016
People
$657,000
Median sale
$531/wk
Median rent
4.20%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
TAS › Prospect › Deviation Cres
$640,000
Last sold
19 Aug 2025
3
Bedrooms
2
Bathrooms
3
Car spaces
965 m²
Land
133 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$640,000
19 Aug 2025 · derived via latest_sale
Local land rate: recorded House sales in Prospect (last 5 years) with land size have a median of $842/m² of land (n=62). Districts calculation from recorded sales — not a valuation.
Prospect at a glance
2,016
People
$657,000
Median sale
$531/wk
Median rent
4.20%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Prospect
-2.6%
Median sale
Suburb $657,000
+0.11 pp
Gross yield
Suburb 4.20%
Suburb median $657,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $531/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Prospect at a glance
2,016
People
$657,000
Median sale
$531/wk
Median rent
4.20%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Living Here InvermayThis property is a great example of the perfect family home, set across a spacious corner block with dual driveways, the home presents an excellent opportunity for first home buyers and families to enjoy a quality, comfortable home, within close proximity to many public and private schools and the Olde Tudor Shopping Complex.
The layout has been thoughtfully designed with a wide central hallway leading to a spacious lounge at the front of the home, fitted with floor-length windows that capture all day light. The timber kitchen is both functional and timeless, offering ample bench space, generous storage, and a breakfast bar that adjoins the dedicated dining area.
Each of the three bedrooms include built-in wardrobes, while the master suite enjoys its own ensuite and a private aspect at the rear of the home. The main bathroom includes a separate shower and bath, with a separate toilet for convenience, the laundry provides direct outdoor access to the rear yard.
The expansive undercover entertaining area spans over 6m in depth and is covered for year-round use. From here, a neat lawn and established perimeter planting offer privacy and greenery.
Vehicle accommodation is in good supply, with dual driveways servicing both a car port with undercover internal access, and a large, detached double garage/workshop with roller doors and additional off-street parking.
This location enjoys easy access to Summerdale Primary School, Prospect High and St. Patrick's College, as well as being just minutes from the Olde Tudor Shopping Complex and major arterial routes into Launceston's CBD. Properties of this size, in such a tightly held part of Prospect, are increasingly hard to come by. This property is a well-rounded and practical offering in one of Launceston's most consistently performing family friendly suburbs. Contact Lochie today to register your interest.
Listing description written by Lochie Reid, Ray White Living Here Invermay — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.